The traditional evaluation system of corporate performance by maximizing stakeholders’ value has increasingly shown its limitations, and the establishment of performance evaluation system based on stakeholder theory is particularly important. This paper describes stakeholders’ focuses on corporate performance evaluation and analyzes the importance of each of these concerns. Finally, based on the summary of the preceding analysis, this paper analyses the performance evaluation system based on the stakeholder theory, which is oriented by the maximization of corporate value, and proposes different focuses of the corporation according to different sectors and different circumstances.